E-Jurnal Ekonomi dan Bisnis Universitas Udayana
Economic and Business E-Journal of Udayana University (EEB) ISSN ONLINE: 2337-3067 is an electronic scientific journal that publishes the results of economic and business studies. EEB is published periodically every month with an online format. EEB Editor receives written results of studies in the fields of economics, management, and accounting, both empirical and theoretical studies which are analyzed qualitatively and quantitatively and have never been and will not be published in other media. The incoming script will be evaluated and edited for uniformity of formats, terms and other procedures according to the style of the environment that applies to the E-Journal of Economics and Business at Udayana University. E-Journal of Economics and Business at Udayana University was published by the Faculty of Economics and Business, Udayana University.
Fakultas Ekonomi dan Bisnis Universitas Udayana
PENGARUH MANAJEMEN LABA TERHADAP NILAI PERUSAHAAN DENGAN KEPEMILIKAN MANAJERIAL DAN KUALITAS AUDIT SEBAGAI VARIABEL MODERASI
Tujuan dilakukannya studi ini ialah guna mendapat bukti empiris terkait dampak manajemen laba pada nilai perusahaan dengan kepemilikan manajerial serta kualitas audit sebagai pemoderasi. Tobin’s Q digunakan untuk memproksikan nilai perusahaan, akrual diskresioner Model Jones yang Dimodifikasi untuk manajemen laba, persentase kepemilikan saham oleh manajer untuk kepemilikan manajerial, dan variabel dummy yang membedakan firma audit Big 4 dan firma audit non-Big 4 untuk kualitas audit. Studi ini memiliki fokus pada perusahaan teknologi yang tercatat di BEI periode 2022-2024. Sampel sebanyak 152 dari hasil seleksi metode purposive sampling dianalisis dengan analisis regresi moderasi. Temuan studi mengindikasikan bahwasannya manajemen laba berdampak negatif pada nilai perusahaan. Kepemilikan manajerial mengurangi dampak praktik manajemen laba pada nilai perusahaan. Sementara itu, kualitas audit tidak mengurangi dampak manajemen laba pada nilai perusahaan. Studi ini memberikan implikasi berupa kontribusi yang sejalan dengan teori agensi dan berkontribusi bagi berbagai pihak terkait, misalnya perusahaan, investor, calon investor, serta peneliti berikutnya. This research seeks to gather empirical data on how earnings management affects a firm value, while managerial ownership and audit quality act as moderators. The company's value is assessed using Tobin’s Q, discretionary accruals for earnings management, the proportion of shares held by management for managerial ownership, and dummy variable that distinguishes between Big 4 and non-Big 4 audit firms for audit quality. The research centers on tech firms traded on the Indonesia Stock Exchange (IDX) from 2022 to 2024. A total of 152 observations, selected through purposive sampling, underwent analysis via moderated regression techniques. Results reveal that earnings management adversely affects company value. Managerial ownership mitigates the impact of earnings management practices on company valuation. By contrast, audit quality does not mitigate the impact of earnings management on firm value. This research yields implications that support the development of agency theory and benefits various stakeholders, such as firms, investors, prospective investors, and future researchers.
Copyright (c) 2026 Salma Triameliawati, I Gst Ayu Eka Damayanthi, I Gusti Ngurah Agung Suaryana (Penulis) https://creativecommons.org/licenses/by/4.0
PENGARUH KINERJA LINGKUNGAN DAN CORPORATE GOVERNANCE TERHADAP PENGUNGKAPAN EMISI KARBON
Perubahan iklim akibat emisi karbon menjadi perhatian global karena dampaknya terhadap lingkungan, kesehatan, dan ekonomi. Berdasarkan teori legitimasi, perusahaan memperkuat keterbukaan informasi melalui pengungkapan emisi karbon. Penelitian ini menguji pengaruh kinerja lingkungan, dewan komisaris, komisaris independen, serta komite audit terhadap pengungkapan emisi karbon pada perusahaan sektor energi yang tercatat di Bursa Efek Indonesia selama periode 2022-2024. Sampel penelitian dipilih melalui teknik purposive sampling dengan total 40 perusahaan, dan dianalisis menggunakan regresi linier berganda. Hasil penelitian menunjukan bahwa kinerja lingkungan, dewan komisaris, dan komite audit berpengaruh positif signifikan, sedangkan komisaris independen tidak berpengaruh signifikan terhadap pengungkapan emisi karbon. Berbeda dengan penelitian terdahulu yang umumnya menguji mekanisme tata kelola secara parsial, penelitian ini mengintegrasikan kinerja lingkungan dengan tiga mekanisme tata kelola sekaligus pada sektor energi—sektor beremisi tinggi yang kajiannya masih terbatas di Indonesia—sehingga memberikan pengujian teori legitimasi yang lebih komprehensif dan membuka ruang penjelasan pelengkap dari perspektif stakeholder theory dan agency theory ketika sinyal tata kelola tidak konsisten. Temuan ini mengimplikasikan bahwa penguatan kinerja lingkungan dan mekanisme tata kelola merupakan langkah strategis dalam mempertahankan legitimasi, sekaligus memberi kontribusi praktis bagi perusahaan, investor, dan regulator dalam mendorong tata kelola yang lebih efektif, tanggung jawab lingkungan yang lebih besar, serta pengungkapan emisi karbon yang lebih terbuka, konsisten, dan berkelanjutan. Climate change driven by carbon emissions has become a global concern due to its impact on the environment, public health, and the economy. Drawing on legitimacy theory, companies enhance transparency through carbon emission disclosure to preserve societal legitimacy. This study examines the effect of environmental performance, board of commissioners, independent commissioners, and audit committee on carbon emission disclosure among energy sector companies listed on the Indonesia Stock Exchange during 2022-2024. The sample consists of 40 companies selected through purposive sampling and analyzed using multiple linear regression. The results show that environmental performance, board of commissioners, and audit committee have a significant positive effect on carbon emission disclosure, while independent commissioners have no significant effect. Unlike prior studies that generally test governance mechanisms individually, this study integrates environmental performance with three governance mechanisms simultaneously within the energy sector—a high-emission industry still underexplored in the Indonesian context—offering a more comprehensive test of legitimacy theory and, where governance signals conflict, opening space for complementary explanations from stakeholder and agency perspectives. These findings imply that strengthening environmental performance and governance mechanisms is a strategic pathway for maintaining legitimacy, providing practical guidance for companies, investors, and regulators, and a basis for future research to incorporate additional determinants of carbon emission disclosure.
Copyright (c) 2026 Anak Agung Sayu Istri Nandalika Putri, Dr. Ni Made Adi Erawati, S.E., M.Si. (Penulis) https://creativecommons.org/licenses/by/4.0
SELF-LEADERSHIP, ENTREPRENEURIAL SELF-EFFICACY, DAN KINERJA WIRAUSAHA: PERAN MEDIASI KOMITMEN BERWIRAUSAHA SEKTOR PENDIDIKAN
Penelitian ini dilatarbelakangi oleh adanya diskrepansi hasil studi yang terdahulu terkait pengaruh self-leadership dan entrepreneurial self-efficacyterhadap optimalisasi kinerja wirausaha, terutama pada organisasi di sektor pendidikan yang masih jarang dieksplorasi dalam literatur kewirausahaan. Studi ini memiliki tujuan untuk menginvestigasi bagaimana komitmen berwirausaha bertindak sebagai variabel mediasi dalam menghubungkan self-leadership dan entrepreneurial self-efficacy dengan capaian kinerja. Dengan menggunakan pendekatan kuantitatif, penelitian ini melibatkan 47 manajer PT. ATE di Provinsi Kalimantan Timur sebagai sampel yang ditentukan melalui metode purposive sampling, serta menerapkan analisis SEM-PLS menggunakan aplikasi SmartPLS. Temuan empiris mengonfirmasi bahwa baik self-leadership maupun entrepreneurial self-efficacy memiliki dampak positif terhadap komitmen serta performa wirausaha. Komitmen berwirausaha sendiri teridentifikasi sebagai mediator parsial yang krusial dalam memperkuat hubungan tersebut. Secara teoretis, penelitian ini dapat memperluas cakupan pengetahuan mengenai Social Cognitive Theory pada manajemen pendidikan, sekaligus menegaskan bahwa sinergi antara kapasitas psikologis individu dan komitmen yang kuat merupakan determinan utama dalam peningkatan kinerja organisasi pendidikan. This study was motivated by inconsistencies in previous research findings regarding the influence of self-leadership and entrepreneurial self-efficacy on the optimization of entrepreneurial performance, particularly within organizations in the education sector, which remains underexplored in entrepreneurship literature. This study aims to investigate how entrepreneurial commitment acts as a mediating variable in linking self-leadership and entrepreneurial self-efficacy to performance outcomes. Using a quantitative approach, this study involved 47 managers of PT. ATE in East Kalimantan as the sample, selected through purposive sampling, and employed SEM-PLS analysis using SmartPLS. The empirical findings confirm that both self-leadership and entrepreneurial self-efficacy have positive effects on entrepreneurial commitment and performance. Entrepreneurial commitment was also identified as a crucial partial mediator in strengthening these relationships. Theoretically, this study extends the application of Social Cognitive Theory in educational management while emphasizing that the synergy between individual psychological capacities and strong commitment constitutes a key determinant in improving the performance of educational organizations.
Copyright (c) 2026 Titi Hardiyati, Ayu Desi Indrawati, Ida Bagus Ketut Surya, I Made Artha Wibawa (Penulis) https://creativecommons.org/licenses/by/4.0
INTELLECTUAL CAPITAL EFFECTS ON EMPLOYEE PRODUCTIVITY: MODERATING INFLUENCE OF TANGIBLE ASSETS IN INDONESIA'S NON-CYCLICAL MANUFACTURING
Increasing employee productivity in the manufacturing sector is crucial for driving the accumulation of industrial value-added and national gross domestic product growth. This study aims to examine the effect of intellectual capital on employee productivity, with tangible assets as a moderator. The research sample consists of non-cyclical manufacturing sector companies listed on the Indonesia Stock Exchange during the 2021–2024 period. A total of 117 observation data met the research criteria, selected through purposive sampling. The results of panel data regression show that value added intellectual coefficient, human capital efficiency, physical capital efficiency, and tangible assets have a positive and significant effect on employee productivity, while structural capital efficiency has a significant negative effect. Tangible assets are proven to significantly strengthen positive effects of value added intellectual coefficient, human capital efficiency, and physical capital efficiency, but fail to mitigate the negative effect of structural capital efficiency on employee productivity in the Indonesian non-cyclical manufacturing firms. Peningkatan produktivitas karyawan di sektor manufaktur merupakan faktor penting dalam mendorong akumulasi nilai tambah industri dan pertumbuhan produk domestik bruto (PDB) nasional. Penelitian ini bertujuan untuk menguji pengaruh modal intelektual terhadap produktivitas karyawan dengan aset berwujud sebagai variabel moderasi. Sampel penelitian terdiri atas perusahaan manufaktur sektor non-siklikal yang terdaftar di Bursa Efek Indonesia selama periode 2021–2024. Sebanyak 117 data observasi memenuhi kriteria penelitian dan dipilih menggunakan teknik purposive sampling. Hasil regresi data panel menunjukkan bahwa value added intellectual coefficient (VAIC), efisiensi modal manusia (human capital efficiency), efisiensi modal fisik (physical capital efficiency), dan aset berwujud berpengaruh positif dan signifikan terhadap produktivitas karyawan, sedangkan efisiensi modal struktural (structural capital efficiency) berpengaruh negatif dan signifikan. Selain itu, aset berwujud terbukti secara signifikan memperkuat pengaruh positif value added intellectual coefficient (VAIC), efisiensi modal manusia, dan efisiensi modal fisik terhadap produktivitas karyawan. Namun, aset berwujud tidak mampu memoderasi atau mengurangi pengaruh negatif efisiensi modal struktural terhadap produktivitas karyawan pada perusahaan manufaktur sektor non-siklikal di Indonesia.
Copyright (c) 2026 Sevi Rachmawati, Bima Cinintya Pratama, Sri Wahyuni, Tiara Pandansari (Penulis) https://creativecommons.org/licenses/by/4.0
PERAN ESG DISCLOSURE DALAM MEMODERASI PENGARUH STRATEGI BISNIS DAN KINERJA KEUANGAN TERHADAP FINANCIAL DISTRESS
Penelitian ini menguji pengaruh strategi bisnis dan kinerja keuangan terhadap financial distress, serta peran moderasi ESG disclosure pada sektor consumer cyclicals di BEI periode 2023–2024. Strategi bisnis yang direpresentasikan melalui diferensiasi dan cost leadership sedangkan kinerja keuangan melalui likuiditas dan leverage. ESG disclosure diukur dengan indeks pengungkapan, sedangkan Altman Z-Score digunakan untuk mengukur financial distress. Sampel ditentukan dengan purposive sampling dan dianalisis menggunakan regresi moderasi. Hasil penelitian menunjukkan bahwa likuiditas memiliki pengaruh negatif yang signifikan terhadap kesulitan keuangan, yang sejalan dengan hipotesis yang diajukan. Meskipun leverage juga memiliki pengaruh negatif yang signifikan, arah pengaruhnya berlawanan dengan hubungan positif yang dihipotesiskan; oleh karena itu, hipotesis mengenai leverage ditolak. Kedua strategi bisnis tidak memiliki dampak yang signifikan, ESG disclosure hanya memoderasi hubungan antara likuiditas dan financial distress. Temuan ini menunjukkan bahwa strategi bisnis tidak secara langsung mengurangi risiko kesulitan keuangan selama periode pengamatan. Sebaliknya, likuiditas muncul sebagai penentu utama kesulitan keuangan, sementara pengaruh negatif yang signifikan dari leverage bertentangan dengan hipotesis yang diajukan. Selain itu, pengungkapan ESG hanya memoderasi hubungan antara likuiditas dan kesulitan keuangan. Penelitian ini berkontribusi pada pengembangan stakeholder theory, bahwa ESG disclosure berperan sebagai mekanisme mitigasi risiko yang tidak selalu memperkuat seluruh hubungan antar variabel. This study examines the influence of business strategy and financial performance on financial distress, as well as the moderating role of ESG disclosure in the consumer cyclicals sector on the Indonesia Stock Exchange (IDX) for the 2023–2024 period. Business strategy is represented by differentiation and cost leadership, while financial performance is represented by liquidity and leverage. ESG disclosure is measured by the disclosure index, while the Altman Z-Score is used to measure financial distress. The sample was determined by purposive sampling and analyzed using moderated regression. The results show that liquidity has a significant negative effect on financial distress, consistent with the proposed hypothesis. Although leverage also has a significant negative effect, its direction is opposite to the hypothesized positive relationship; therefore, the leverage hypothesis is rejected. These findings indicate that business strategy does not directly reduce the risk of financial distress during the observation period. Instead, liquidity emerges as the primary determinant of financial distress, whereas the significant negative effect of leverage contradicts the proposed hypothesis. Furthermore, ESG disclosure only moderates the relationship between liquidity and financial distress. This study contributes to the development of stakeholder theory, stating that ESG disclosure acts as a risk mitigation mechanism that does not always strengthen the overall relationship between variables.
Copyright (c) 2026 Salamatusysyahidah, Rusdianto (Penulis) https://creativecommons.org/licenses/by/4.0
DAMPAK PERSEPSI PENGGUNA TERHADAP PERILAKU IMPULSIFGENERASI Z: MEDIASI ADOPSI PAYLATER DAN MODERASI LITERASI KEUANGAN
Penelitian ini bertujuan menganalisis perilaku impulsif Generasi Z dalam penggunaan layanan beli sekarang bayar nanti (paylater) dengan menguji pengaruh persepsi kemudahan, persepsi kesenangan, dan persepsi manfaat terhadap adopsi paylater, serta peran literasi keuangan sebagai variabel moderasi. Riset ini menerapkan pendekatan kuantitatif dari pembagian kuesioner kepada pengguna paylater Generasi Z di Indonesia. Dari 312 responden yang terkumpul, sebanyak 309 data dianalisis menggunakan Structural Equation Modeling (SEM) dengan bantuan SmartPLS 4.0. Hasil riset membuktikan bahwa persepsi manfaat dan persepsi kesenangan berpengaruh positif terhadap adopsi paylater, sedangkan persepsi kemudahan tidak berpengaruh. Adopsi paylater terbukti meningkatkan perilaku impulsif pada Generasi Z. Selain itu, adopsi paylater memediasi hubungan antara persepsi manfaat dan persepsi kesenangan dengan perilaku impulsif, tetapi tidak memediasi pengaruh persepsi kemudahan. Sementara itu, literasi keuangan tidak memoderasi hubungan antara adopsi paylater dan perilaku impulsif. Temuan ini menegaskan bahwa manfaat dan kesenangan yang dirasakan menjadi pendorong utama penggunaan paylater dan perilaku impulsif pada Generasi Z. This study aims to analyze the impulsive behavior of Generation Z in using buy now pay later (paylater) services by examining the influence of perceived ease, perceived pleasure, and perceived usefulness on paylater adoption, as well as the role of financial literacy as a moderating variable. This research applies a quantitative approach by distributing questionnaires to Generation Z paylater users in Indonesia. A total of 312 respondents were collected, 309 of whom analyzed data using Structural Equation Modeling (SEM) with the help of SmartPLS 4.0. The results of the study prove that perceived usefulness and perceived pleasure have a positive effect on paylater adoption, while perceived ease has no effect. Paylater adoption has been shown to increase impulsive behavior in Generation Z. In addition, paylater adoption mediates the relationship between perceived usefulness and perceived pleasure with impulsive behavior, but does not mediate the effect of perceived ease. Meanwhile, financial literacy does not moderate the relationship between paylater adoption and impulsive behavior. These findings confirm that perceived benefits and pleasure are the main drivers of paylater use and impulsive behavior in Generation Z.
Copyright (c) 2026 Yandi Suprapto, Laurenzia Angelina Yonata, Isnaini Nuzula Agustin (Penulis) https://creativecommons.org/licenses/by/4.0
INVESTIGATING LOCAL MOTORCYCLISTS DECISION TO USE ELECTRIC MOTORCYCLES DOMINATED TRAFFIC ENVIRONMENT REGION
This study seeks to understand the factors that influence local motorcyclists in Bali to adopt electric motorcycles (e-MCs). Earlier research highlighted several research gaps, including differences in people's readiness to switch, inconsistent findings regarding the effects of environmental concern, and variations in the influence of government support across regions. Based on these gaps and local characteristics, the research looks at how motorcyclists in the SARBAGITA region in Bali view the idea of moving to e-MCs. By collecting data from local motorcyclists and using structural equation modeling (SEM), a model was created to analyze the behavior of adopting e-MCs, leading to nine hypotheses—eight of which were confirmed. The study results show motorcyclists in Bali are influenced by various factors when considering a switch to e-MCs, including government policies, risk perceptions, and pricing. Improved conditions and government support enhance switching intentions, while high effort expectations and perceived risks act as barriers. Interestingly, ease of use doesn't always lead to higher adoption rates, and environmental concerns have minimal impact. The study emphasizes the need for better infrastructure and pricing strategies, highlighting the importance of hedonic motivations in Bali's tourism context. Bali government subsidies could lower costs, and enhance charging facilities, while raissing public awareness can further encourage e-MC adoption. The findings highlight also the importance of contextual and psychological factors in technology adoption, suggesting that policy incentives alone are insufficient without supporting infrastructure and risk mitigation. The study is limited to local motorcyclists and does not include domestic or international tourists.
Copyright (c) 2026 I Made Dwi Budiana Penindra, Dewa Made Priyantha Wedagama, I Gusti Ngurah Priambadi, Anak Agung Istri Agung Sri Komaladewi, I Ketut Suarsana (Author) https://creativecommons.org/licenses/by/4.0
DINAMIKA PENGANGGURAN DI BALI: PERAN KREDIT USAHA RAKYAT DAN VARIABEL EKONOMI MAKRO
Penelitian ini menganalisis pengaruh Kredit Usaha Rakyat (KUR) terhadap Tingkat Pengangguran Terbuka (TPT) di Provinsi Bali. Namun, penelitian mengenai efektivitas KUR dalam menurunkan pengangguran dengan mempertimbangkan dinamika sebelum, selama, dan setelah pandemi Covid-19 masih terbatas. Penelitian ini bertujuan menguji pengaruh dinamis KUR satu tahun sebelumnya, pertumbuhan ekonomi, partisipasi angkatan kerja, pendidikan, pandemi COVID-19, dan periode pasca pandemi terhadap pengangguran. Data sekunder dari sembilan kabupaten/kota di Provinsi Bali selama periode 2017–2024 dianalisis menggunakan regresi data panel dengan Common Effect Model. Hasil penelitian menunjukkan bahwa KUR satu tahun sebelumnya berpengaruh negatif tetapi tidak signifikan terhadap TPT. Pertumbuhan ekonomi satu tahun sebelumnya dan Tingkat Partisipasi Angkatan Kerja berpengaruh negatif dan signifikan, sedangkan Rata-rata Lama Sekolah tidak berpengaruh signifikan. Pandemi COVID-19 dan periode pasca pandemi berpengaruh positif dan signifikan terhadap pengangguran. Variabel interaksi menunjukkan bahwa efektivitas KUR tidak berubah signifikan selama pandemi maupun pasca pandemi. Temuan ini menunjukkan bahwa pengangguran di Bali lebih dipengaruhi oleh kondisi makroekonomi dan dinamika pasar tenaga kerja daripada ekspansi kredit semata. Kebijakan pengurangan pengangguran perlu didukung oleh pertumbuhan ekonomi yang inklusif dan diversifikasi ekonomi di luar pariwisata. This study examines the effect of Kredit Usaha Rakyat (KUR) on the Open Unemployment Rate in Bali Province. However, empirical studies examining the effectiveness of KUR in reducing unemployment across the pre-pandemic, pandemic, and post-pandemic periods remain limited. The study aims to analyze the dynamic effect of lagged KUR, economic growth, labor force participation, education, the COVID-19 pandemic, and the post-pandemic period on unemployment. Secondary data from nine regencies/cities in Bali during 2017–2024 were analyzed using panel data regression with the Common Effect Model. The results show that lagged KUR has a negative but statistically insignificant effect on the Open Unemployment Rate. Lagged economic growth and labor force participation significantly reduce unemployment, while average years of schooling has no significant effect. The COVID-19 pandemic and the post-pandemic period significantly increase unemployment. The interaction terms indicate that the effectiveness of KUR does not change significantly during the pandemic or post-pandemic periods. These findings suggest that unemployment in Bali is driven more by macroeconomic conditions and labor market dynamics than by credit expansion alone. Policies to reduce unemployment should strengthen inclusive economic growth and economic diversification beyond tourism.
Copyright (c) 2026 Cunda Yokosantha, Anak Agung Ketut Ayuningsasi (Author) https://creativecommons.org/licenses/by/4.0
DETERMINANTS OF PRODUCTION AND TECHNICAL EFFICIENCY IN THE SIWALAN SUGAR BUSINESS IN KARDULUK VILLAGE
Despite the economic importance of siwalan sugar for rural livelihoods, studies integrating production determinants and technical efficiency analysis using the stochastic frontier approach remain limited. This study aims to analyse the effects of labour, nira volume, and business capital on siwalan sugar production and to measure the technical efficiency of producers in Karduluk Village, Pragaan Subdistrict, Sumenep Regency. This study employs a quantitative approach using primary data obtained from 101 siwalan sugar producers selected through purposive sampling. The analysis was conducted using Stochastic Frontier Analysis (SFA) approach. The results of the study indicate that the labor force, sap volume, and business capital have a positive and significant effect on siwalan sugar production, suggesting that an increase in the number of workers, sap volume, and business capital is associated with an increase in siwalan sugar production. The average technical efficiency score was 0.9625, indicating that producers operated close to the estimated production frontier, although output could still increase by approximately 3.8 percent through more efficient utilization of existing inputs. These findings imply that policies should prioritize strengthening raw material management through better utilization of untapped siwalan resources while simultaneously improving production technology and institutional support, including extension services, producer organizations, and market access for small-scale siwalan sugar producers. Meskipun gula siwalan memiliki peran ekonomi yang penting bagi mata pencaharian masyarakat pedesaan, penelitian yang mengintegrasikan analisis faktor-faktor penentu produksi dan efisiensi teknis dengan menggunakan pendekatan stochastic frontier masih terbatas. Penelitian ini bertujuan menganalisis pengaruh tenaga kerja, volume nira, dan modal usaha terhadap produksi gula siwalan serta mengukur efisiensi teknis para produsen di Desa Karduluk, Kabupaten Sumenep. Penelitian ini menggunakan pendekatan kuantitatif dengan memanfaatkan data primer dari 101 produsen gula siwalan yang dipilih melalui metode purposive sampling. Analisis menggunakan pendekatan Stochastic Frontier Analysis (SFA). Hasil penelitian menunjukkan bahwa tenaga kerja, volume nira, dan modal usaha berpengaruh signifikan terhadap produksi gula siwalan. Hal ini menunjukkan bahwa peningkatan jumlah tenaga kerja, volume nira, dan modal usaha berkaitan dengan peningkatan produksi gula siwalan. Nilai rata-rata efisiensi teknis yang diperoleh sebesar 0,962, yang mengindikasikan bahwa produsen telah beroperasi mendekati batas produksi (production frontier) yang diperkirakan, meskipun output masih dapat ditingkatkan sekitar 3,8 persen melalui pemanfaatan input yang tersedia secara lebih efisien. Temuan ini menunjukkan kebijakan perlu memprioritaskan penguatan pengelolaan bahan baku melalui pemanfaatan sumber daya siwalan yang belum optimal, sekaligus meningkatkan teknologi produksi dan dukungan kelembagaan, termasuk layanan penyuluhan, organisasi produsen, serta akses pasar bagi produsen.
Copyright (c) 2026 Dwi Wahyu, Norita Vibriyanto (Penulis) https://creativecommons.org/licenses/by/4.0
PENGARUH PERUBAHAN FREE-FLOAT TERHADAP LIKUIDITAS SAHAM DAN VOLATILITAS HARGA PADA PERUSAHAAN SEKTOR ENERGY YANG TERDAFTAR DI BEI TAHUN 2021-2024
Penelitian ini bertujuan untuk menganalisis pengaruh perubahan free-float terhadap likuiditas saham dan volatilitas harga saham pada perusahaan sektor energi yang terdaftar di Bursa Efek Indonesia (BEI) periode 2021–2024. Penelitian ini menggunakan pendekatan kuantitatif dengan data sekunder yang diperoleh dari laporan tahunan perusahaan dan data perdagangan saham. Metode analisis yang digunakan adalah regresi linear sederhana dengan pengujian hipotesis melalui uji t serta uji asumsi klasik, yang diolah menggunakan program SPSS. Hasil penelitian menunjukkan bahwa perubahan free-float tidak berpengaruh signifikan terhadap likuiditas saham. Selain itu, perubahan free-float juga tidak berpengaruh signifikan terhadap volatilitas harga saham, meskipun arah koefisien menunjukkan hubungan positif. Temuan ini mengindikasikan bahwa perubahan free-float bukan merupakan faktor utama yang memengaruhi likuiditas dan volatilitas harga saham sektor energi. Pergerakan saham pada sektor ini lebih dipengaruhi oleh faktor eksternal seperti harga komoditas energi global, kondisi makroekonomi, kebijakan pemerintah, dan sentimen pasar.
Copyright (c) 2026 Youkhe Aurel Regina P, Khansanah Sahara, Putri Awalina (Author) https://creativecommons.org/licenses/by/4.0
EFFECTS OF GOVERNMENT ACCOUNTING STANDARDS, HUMAN RESOURCE COMPETENCE, AND EMPLOYEE PERFORMANCE ON FINANCIAL REPORT QUALITY
Financial reporting quality is an important aspect of public sector accountability and transparency. High-quality financial reports provide relevant, reliable, comparable, and understandable information for stakeholders in evaluating government performance. This study aims to examine the effects of Government Accounting Standards (SAP), Human Resource Competence, and Employee Performance on Financial Reporting Quality at the Ministry of Religious Affairs Office of Bima Regency. This study employed a quantitative research approach using primary data collected through questionnaires distributed to employees involved in financial management and reporting activities. A total of 77 respondents participated in the study. Data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) with SmartPLS software. The results indicate that Government Accounting Standards (SAP) have a positive and significant effect on Financial Reporting Quality. Employee Performance also has a positive and significant effect on Financial Reporting Quality. However, Human Resource Competence does not have a significant effect on Financial Reporting Quality. These findings suggest that compliance with accounting standards and strong employee performance play a more important role in improving financial reporting quality than individual competence alone. The study contributes to the public sector accounting literature by providing empirical evidence on the determinants of financial reporting quality within government institutions. The findings also provide practical implications for policymakers and public sector managers in strengthening financial reporting practices through effective implementation of accounting standards and performance enhancement initiatives.
Copyright (c) 2026 Siti Murni (Author) https://creativecommons.org/licenses/by/4.0
PENGARUH ELECTRONIC WORD OF MOUTH DAN PERCEIVED AUTHENTICITY TERHADAP NIAT BERKUNJUNG KEMBALI WISATAWAN GENERASI Z
Mempertahankan wisatawan muda menjadi tantangan penting bagi destinasi lokal yang visibilitasnya semakin dibentuk oleh narasi digital dan konten dari pengunjung. Penelitian ini menganalisis pengaruh Electronic Word of Mouth (eWOM) dan Perceived Authenticity terhadap niat berkunjung kembali wisatawan Generasi Z. Metode penelitian menggunakan pendekatan kuantitatif dengan analisis regresi linier berganda berdasarkan data kuesioner dari 100 responden yang pernah mengunjungi destinasi penelitian. Hasil penelitian menunjukkan bahwa eWOM dan perceived authenticity berpengaruh positif dan signifikan terhadap niat berkunjung kembali. Temuan ini menunjukkan bahwa niat wisatawan muda untuk kembali tidak hanya dibentuk oleh rekomendasi digital, ulasan, dan konten perjalanan yang dibagikan, tetapi juga oleh persepsi bahwa destinasi tersebut menawarkan pengalaman yang autentik, bermakna, dan dekat dengan identitas lokal. Penelitian ini berkontribusi pada literatur pemasaran pariwisata dengan menghubungkan pengaruh sosial digital dan persepsi keaslian untuk menjelaskan niat kunjungan ulang pada segmen wisatawan muda. Pengelola destinasi perlu memperkuat komunikasi di media sosial sambil tetap menjaga unsur budaya, sosial, dan alam yang membuat pengalaman wisata terasa autentik, tepercaya, dan layak dikunjungi kembali. Retaining young tourists is an important challenge for local destinations whose visibility is increasingly shaped by digital narratives and visitor-generated content. This study examines the influence of Electronic Word of Mouth (eWOM) and Perceived Authenticity on revisit intention among Generation Z tourists. A quantitative approach was applied using multiple linear regression analysis based on questionnaire data from 100 respondents who had visited the destination. The results show that both eWOM and perceived authenticity have positive and significant effects on revisit intention. This finding indicates that revisit intention among young tourists is shaped not only by digital recommendations, reviews, and shared travel content, but also by the perception that the destination offers genuine, locally rooted experiences. The study contributes to the tourism marketing literature by linking digital social influence and perceived authenticity to explain revisit intention among a young tourist segment. Destination managers should strengthen social media communication while preserving cultural, social, and natural elements that make the tourism experience feel authentic, credible, and worth revisiting.
Copyright (c) 2026 Christy N Rondonuwu, Djurwati Soepeno (Author) https://creativecommons.org/licenses/by/4.0
PERAN MOTIVASI KARIER DAN PENGETAHUAN PERPAJAKAN DALAM PILIHAN KARIER DI BIDANG PERPAJAKAN
Tujuan dari penelitian ini untuk menguji pengaruh motivasi karier dan pengetahuan perpajakan terhadap pilihan karier mahasiswa Program Studi S1 Akuntansi di bidang perpajakan pada PTS berakreditasi unggul di Yogyakarta. Fenomena menunjukkan adanya ketidakseimbangan antara pertumbuhan jumlah wajib pajak dengan ketersediaan tenaga profesional perpajakan yang diperparah dengan tren penurunan jumlah mahasiswa akuntansi. Penelitian ini memfokuskan analisis pada mahasiswa yang telah menempuh mata kuliah Perpajakan 1, Perpajakan 2, dan Praktikum Pajak sehingga memiliki dasar pengetahuan perpajakan yang memadai. Teknik pengambilan sampel penelitian ini menggunakan purposive sampling. Data dikumpulkan dengan menyebarkan kuesioner, dan diperoleh 181 sampel. Data dianalisis menggunakan analisis regresi linear berganda. Hasil penelitian menunjukan motivasi dan pengetahuan perpajakan berpengaruh positif terhadap pilihan karier dibidang perpajakan. Hal ini mengindikasikan semakin tinggi motivasi karier dan tingkat pemahaman perpajakan mahasiswa, maka semakin besar kecenderungan mereka dalam memilih karier di bidang perpajakan. Penelitian ini diharapkan dapat memberi kontribusi bagi institusi pendidikan dalam meningkatkan kualitas pembelajaran serta mendorong minat mahasiswa untuk berkarier dibidang perpajakan. The purpose of this study was to examine the influence of career motivation and tax knowledge on the career choices of undergraduate students in accounting majoring in taxation at a highly accredited private university in Yogyakarta. This phenomenon indicates an imbalance between the growth in the number of taxpayers and the availability of tax professionals, exacerbated by the declining trend in the number of accounting students. This study focused on students who had completed Taxation 1, Taxation 2, and Tax Practicum courses, thus possessing a sufficient foundation of tax knowledge. The sampling technique used was purposive sampling. Data were collected by distributing questionnaires, resulting in 181 samples. The data were analyzed using multiple linear regression analysis. The results showed that motivation and tax knowledge positively influenced career choices in taxation. This indicates that the higher a student's career motivation and level of tax understanding, the greater their tendency to choose a career in taxation. This research is expected to contribute to educational institutions in improving the quality of learning and encouraging students' interest in pursuing a career in taxation.
Copyright (c) 2026 Nabila Putry Priantina, Amir Hidayatulloh (Penulis) https://creativecommons.org/licenses/by/4.0
PENGARUH PERCEIVED ORGANISATIONAL COMMITMENT OF CO-WORKERS TERHADAP NIAT KELUAR DENGAN MEDIASI KOMITMEN AFEKTIF
Gelombang pemutusan hubungan kerja yang melanda perusahaan rintisan di Indonesia mendorong meningkatnya pengunduran diri sukarela di kalangan karyawan yang tersisa, terutama pada perusahaan yang mengalami restrukturisasi pasca akuisisi. Penelitian ini bertujuan menganalisis pengaruh Perceived Organisational Commitment of Co-Workers (POCC) terhadap niat keluar karyawan, dengan komitmen afektif sebagai variabel mediasi. Studi dilakukan pada PT XYZ, sebuah perusahaan alih daya berbasis teknologi di Indonesia yang mengalami pemutusan hubungan kerja dalam tiga gelombang sepanjang tahun 2024. Pendekatan kuantitatif diterapkan melalui survei daring terhadap 160 responden yang dipilih menggunakan teknik purposive sampling. Analisis data menggunakan metode Structural Equation Modelling-Partial Least Squares (SEM-PLS) dengan perangkat lunak SmartPLS 4. Hasil pengujian menunjukkan bahwa POCC berpengaruh negatif dan signifikan terhadap niat keluar, serta komitmen afektif terbukti memediasi pengaruh tersebut secara parsial. Temuan ini menegaskan bahwa dinamika sosial di lingkungan kerja, khususnya persepsi terhadap loyalitas kolektif rekan kerja, memainkan peran penting dalam membentuk keterikatan emosional individu yang pada akhirnya menentukan keputusan untuk bertahan atau meninggalkan organisasi. Penelitian ini memberikan kontribusi pada pengembangan literatur turnover contagion dalam konteks industri alih daya di negara berkembang. Waves of layoffs affecting startup companies in Indonesia have triggered a surge in voluntary resignations among remaining employees, particularly in organizations undergoing post-acquisition restructuring. This study examines the effect of perceived organisational commitment of co-workers (POCC) on employees' turnover intention, with affective commitment as a mediating variable. The research was conducted at PT XYZ, a technology-based outsourcing company in Indonesia that carried out three rounds of layoffs throughout 2024. A quantitative approach was employed through an online survey of 160 respondents selected using purposive sampling. Data were analyzed using Structural Equation Modelling-Partial Least Squares (SEM-PLS) with SmartPLS 4. Results indicate that POCC has a significant negative effect on turnover intention, and affective commitment partially mediates this relationship. These findings confirm that workplace social dynamics, particularly employees' perceptions of coworkers' collective loyalty, play a critical role in shaping individual emotional attachment, which ultimately influences the decision to stay or leave the organization. This study contributes to the turnover contagion literature within the context of the outsourcing industry in developing countries.
Copyright (c) 2026 ⁠I Gusti Ayu Widya Ari Cahyathi, Ni Putu Dhanan Kumaradewi M, Ida Bagus Gede Prabawa Putra Udiyana, Ni Putu Dera Yanthi (Author) https://creativecommons.org/licenses/by/4.0
VALUASI EKONOMI MATA AIR NAO: MENGGABUNGKAN FUNGSI EKONOMI DAN NILAI BUDAYA KEARIFAN LOKAL
Penelitian ini bertujuan menganalisis distribusi pemanfaatan dan menghitung Nilai Ekonomi Total (NET) Mata Air Nao berbasis kearifan lokal Suku Wotol. Penelitian menggunakan pendekatan kuantitatif deskriptif dengan kerangka Nilai Ekonomi Total yang meliputi nilai guna langsung, nilai guna tidak langsung, dan nilai warisan. Data diperoleh dari 53 responden yang dipilih secara purposif, terdiri atas pengguna air rumah tangga, petani, pihak PDAM, dan tetua adat. Hasil penelitian menunjukkan total pemanfaatan air mencapai 795.900 m³/tahun dan didominasi oleh irigasi pertanian sebesar 89,79 persen. NET Mata Air Nao mencapai Rp1.750.614.183/tahun. Nilai terbesar berasal dari fungsi pengendali kekeringan sebesar 53,77 persen, diikuti irigasi pertanian 29,11 persen, pelanggan PDAM 14,78 persen, nilai warisan ritual Barong Wae Teku 1,70 persen, dan air baku rumah tangga 0,64 persen. Nilai warisan sebesar Rp29.800.000/tahun menunjukkan adanya kontribusi kolektif masyarakat dalam menjaga keberlanjutan mata air melalui praktik adat lokal. Nilai budaya dan kelembagaan adat perlu diintegrasikan dalam kebijakan pengelolaan sumber daya air berbasis masyarakat. This study aimed to analyze water use distribution and estimate the Total Economic Value (TEV) of the Nao Spring by incorporating the local wisdom of the Wotol Tribe as a bequest value component. The study applied a descriptive quantitative approach using the Total Economic Value framework, which included direct use value, indirect use value, and bequest value. Data were collected from 53 purposively selected respondents consisting of household water users, farmers, PDAM representatives, and customary leaders. The results showed that total water utilization reached 795,900 m³/year and was dominated by agricultural irrigation at 89.79 percent. The Total Economic Value of the Nao Spring reached IDR 1.750.614.183/year. The largest component originated from the drought control function at 53.77 percent, followed by agricultural irrigation at 29.11 percent, PDAM customers at 14.78 percent, the Barong Wae Teku ritual bequest value at 1.70 percent, and household water use at 0.64 percent. The bequest value of IDR 29,800,000/year reflected collective community contributions to maintaining spring sustainability through local customary practices. Cultural values and customary institutions need to be integrated into community-based water resource management policies.
Copyright (c) 2026 Paulus Pontas, Laurentius Desy Wisnu Wardhana, Flora Evalina Ina Kleruk, Aah Ahmad Almuqu, Ika Kristinawanti (Author) https://creativecommons.org/licenses/by/4.0
ANALISIS DAYA SAING EKSPOR TEH INDONESIA KE TIGA NEGARA EROPA
Indonesia merupakan salah satu negara pengekspor teh dunia, namun kinerja ekspornya ke pasar Eropa cenderung menurun akibat persaingan dengan negara eksportir utama seperti Kenya, Sri Lanka, India, dan China, serta meningkatnya tuntutan standar keamanan pangan, dan keberlanjutan lingkungan. Penelitian ini bertujuan menganalisis daya saing, posisi daya saing, dan potensi pengembangan ekspor teh Indonesia di pasar Jerman, Belanda, dan Inggris selama tahun 2005–2024 menggunakan metode Revealed Comparative Advantage (RCA), Export Product Dynamics (EPD), dan X-Model Potential Export Products. Hasil penelitian menunjukkan bahwa teh Indonesia masih memiliki keunggulan komparatif di Jerman, sedangkan di Belanda dan Inggris keunggulan tersebut melemah hingga berada di bawah satu pada akhir periode pengamatan. Analisis EPD menempatkan teh Indonesia pada posisi rising star ke tiga negara tujuan, sedangkan hasil X-Model mengategorikan Jerman sebagai pasar optimis, sementara Belanda dan Inggris bergeser dari kategori optimis menjadi potensial. Temuan ini menunjukkan bahwa peluang pengembangan ekspor teh Indonesia di pasar Eropa masih terbuka, namun memerlukan peningkatan produktivitas, kualitas, dan efisiensi agar mampu memperkuat daya saing dan memenuhi standar pasar Eropa yang semakin ketat. Indonesia is one of the world’s leading tea exporters, but its export performance to European markets has been on a downward trend due to competition from major exporting countries such as Kenya, Sri Lanka, India, and China, as well as increasing demands for food safety standards and environmental sustainability. This study aims to analyze the competitiveness, competitive position, and export development potential of Indonesian tea in the German, Dutch, and British markets from 2005 to 2024 using the Revealed Comparative Advantage (RCA), Export Product Dynamics (EPD), and X-Model Potential Export Products methods. The results show that Indonesian tea still holds a comparative advantage in Germany, whereas in the Netherlands and the United Kingdom, this advantage weakened to below one by the end of the observation period. The EPD analysis classifies Indonesian tea as a “rising star” in all three destination countries, while the X-Model results categorize Germany as an “optimistic” market, with the Netherlands and the United Kingdom shifting from the “optimistic” to the “potential” category. These findings indicate that opportunities for expanding Indonesian tea exports to European markets remain open, but require improvements in productivity, quality, and efficiency to strengthen competitiveness and meet increasingly stringent European market standards.
Copyright (c) 2026 Ni Kadek Karina Gita Mulia, Ni Ketut Budiningsih (Author) https://creativecommons.org/licenses/by/4.0
PENGARUH STRATEGI PEMASARAN TERHADAP KINERJA PEMASARAN UMKM KULINER DI KALIMANTAN BARAT DENGAN MEDIASI KEPERCAYAAN MEREK
Penelitian ini bertujuan untuk menganalisis secara mendalam pengaruh kelompok rujukan dan kepercayaan terhadap keputusan pembelian kredit, dengan minat beli sebagai variabel mediasi pada produk Kredit Pegawai (KUPEG) di Bank Woori Saudara. Penelitian ini menggunakan pendekatan kuantitatif dengan teknik analisis Partial Least Square (PLS) yang diolah melalui aplikasi SmartPLS, sehingga mampu menguji hubungan antar variabel secara simultan dan komprehensif. Hasil penelitian menunjukkan bahwa kelompok rujukan dan kepercayaan memiliki pengaruh positif dan signifikan terhadap minat beli maupun keputusan pembelian kredit. Selain itu, minat beli juga terbukti berpengaruh signifikan terhadap keputusan pembelian kredit serta mampu memediasi hubungan antara kelompok rujukan dan kepercayaan dengan keputusan pembelian. Temuan ini sejalan dengan teori kotak hitam (black box theory) yang menjelaskan bahwa keputusan pembelian konsumen terbentuk melalui proses psikologis internal sebelum akhirnya menghasilkan tindakan pembelian. Dengan demikian, penelitian ini diharapkan dapat memberikan kontribusi praktis bagi pihak perbankan dalam merumuskan strategi pemasaran yang lebih efektif, khususnya dalam meningkatkan kepercayaan dan ketertarikan nasabah terhadap produk kredit yang ditawarkan. This study aims to analyze in depth the influence of reference groups and trust on credit purchase decisions, with purchase intention serving as a mediating variable in the Kredit Pegawai (KUPEG) product at Bank Woori Saudara. The study employs a quantitative approach using Partial Least Square (PLS) analysis processed through SmartPLS, allowing for a comprehensive and simultaneous examination of the relationships among variables. The results indicate that reference groups and trust have a positive and significant effect on both purchase intention and credit purchase decisions. Furthermore, purchase intention is found to have a significant effect on credit purchase decisions and is able to mediate the relationship between reference groups, trust, and purchase decisions. These findings support the black box theory, which explains that consumer purchase decisions are formed through internal psychological processes before resulting in actual purchasing behavior. Therefore, this study is expected to provide practical contributions for the banking sector in formulating more effective marketing strategies, particularly in enhancing customer trust and increasing interest in credit products offered.
Copyright (c) 2026 Edho Randa, Lauw Sun Hiong, Stivenes Tjin Siam (Penulis) https://creativecommons.org/licenses/by/4.0
PENGARUH GOOD CORPORATE GOVERNANCE, KOMITMEN ORGANISASI, DAN GAYA KEPEMIMPINAN PADA KINERJA KEUANGAN KOPERASI
Kinerja keuangan ialah suatu keadaan atau mencerminkan kemampuan suatu organisasi dalam pengelolaan serta mengalokasikan sumber daya yang dipunyai organisasi tersebut. Penerapan good corporate governance dan komitmen organisasi menjadi faktor yang bisa mendukung kinerja keuangan. Selain itu, gaya kepemimpinan juga menjadi salah satu faktor yang dapat diperhitungkan dalam mendukung kinerja keuangan di Koperasi. Penelitian ini bertujuan untuk mengetahui pengaruh good corporate governance, komitmen organisasi, dan gaya kepemimpinan pada kinerja keuangan yang diukur dengan return on assets pada kinerja koperasi di Kabupaten Karangasem. Penelitian ini menggunakan metode pengumpulan data dengan teknik kuesioner. Sampel yang digunakan sebanyak 160 koperasi. Teknik analisis yang digunakan adalah analisis regresi linier berganda dengan SPSS. Hasil penelitian menunjukkan bahwa prinsip-prinsip good corporate governance, komitmen organisasi, dan gaya kepemimpinan berpengaruh positif pada kinerja keuangan. Hal ini memiliki arti bahwa semakin baik penerapan prinsip-prinsip good corporate governance, komitmen organisasi, dan gaya kepemimpinan pada koperasi di Kabupaten Karangasem, maka akan meningkatkan kinerja keuangan pada koperasi tersebut. Financial performance is a condition or reflects the ability of an organisation in managing and allocating the resources that the organisation has. The implementation of good corporate governance and organisational commitment are factors that can support financial performance. In addition, leadership style is also one of the factors that can be taken into account in supporting financial performance in the Cooperative. This study aims to determine the effect of good corporate governance, organisational commitment, and leadership style on financial performance as measured by return on assets on cooperative performance in Karangasem Regency. This study uses data collection methods with questionnaire. The sample used was 160 cooperatives. The analysis technique used was multiple linear regression analysis with SPSS. The results showed that the principles of good corporate governance, organisational commitment, and leadership style had a positive effect on financial performance. This means that the better the application of the principles of good corporate governance, organisational commitment, and leadership style in cooperatives in Karangasem Regency, the better the financial performance of the cooperatives.
Copyright (c) 2026 Made Didit Harys Martadinata Teja, Eka Ardhani Sisdyani (Author) https://creativecommons.org/licenses/by/4.0
PENGARUH LINGKUNGAN KERJA DAN KOMUNIKASI TERHADAP KEPUASAN KERJA DENGAN WORK-LIFE BALANCE SEBAGAI MEDIASI
Penelitian ini mengacu pada Discrepancy Theory yang menjelaskan bahwa kepuasan kerja terbentuk dari kesesuaian antara harapan pegawai dan kondisi kerja yang diterima.. Lingkungan kerja yang kondusif dan komunikasi yang efektif diyakini berperan dalam meningkatkan kesejahteraan pegawai. Penelitian ini bertujuan untuk menganalisis pengaruh lingkungan kerja dan komunikasi terhadap kepuasan kerja dengan work-life balance sebagai variabel mediasi pada pegawai non medis RSUD Kabupaten Buleleng Data dikumpulkan melalui penyebaran kuesioner kepada pegawai nonmedis RSUD Kabupaten Buleleng. Penelitian menggunakan pendekatan kuantitatif dengan metode Structural Equation Modeling berbasis Partial Least Square (SEM-PLS). Sampel penelitian berjumlah 220 responden yang dipilih melalui teknik purposive sampling. Hasil penelitian menunjukkan bahwa lingkungan kerja dan komunikasi berpengaruh positif dan signifikan terhadap work-life balance. Selanjutnya, lingkungan kerja, komunikasi, dan work-life balance berpengaruh positif dan signifikan terhadap kepuasan kerja. Uji mediasi membuktikan bahwa work-life balance secara signifikan memediasi hubungan antara lingkungan kerja dan komunikasi terhadap kepuasan kerja. Implikasi penelitian menunjukkan bahwa peningkatan kualitas lingkungan kerja, komunikasi organisasi, dan work-life balance perlu menjadi perhatian manajemen dalam upaya meningkatkan kepuasan kerja pegawai. This study is based on Discrepancy Theory, which explains that job satisfaction is formed when there is congruence between employees’ expectations and the actual conditions they experience in the workplace. A conducive work environment and effective communication are believed to play important roles in enhancing employee well-being. Data were collected through questionnaires distributed to non-medical employees of RSUD Kabupaten Buleleng. The study employed a quantitative approach using Structural Equation Modeling based on Partial Least Squares (SEM-PLS). The sample consisted of 220 respondents selected through purposive sampling. The results indicate that work environment and communication have a positive and significant effect on work-life balance. Furthermore, work environment, communication, and work-life balance have positive and significant effects on job satisfaction. Mediation analysis confirms that work-life balance significantly mediates the relationship between work environment and communication on job satisfaction. The findings imply that improving the quality of the work environment, organizational communication, and work-life balance should become a managerial priority to enhance employee job satisfaction.
Copyright (c) 2026 Nyoman Kajeng Dharma Yasa, Trianasari, Ni Made Ary Widiastini (Author) https://creativecommons.org/licenses/by/4.0
ESG DISCLOSURE AND FIRM VALUE: THE MODERATING ROLE OF INSTITUTIONAL OWNERSHIP
This paper examines the effect of ESG disclosure on firm value and the moderating role of institutional ownership in this relationship among publicly listed non-financial firms on the IDX over 2017–2023. Using pooled OLS regression on a sample of 675 observations, this study finds that ESG disclosure exerts a positive and significant effect on firm value, supporting the stakeholder and signaling theory predictions. Furthermore, institutional ownership positively moderates this relationship, such that the value-enhancing effect of ESG disclosure is amplified in firms with higher institutional shareholding. These findings are grounded in stakeholder theory and signaling theory, contribute to the ESG literature by establishing institutional ownership as an active governance mechanism that conditions the market’s recognition of sustainability disclosure quality in an emerging market context. Theoretically, this study extends the ESG-firm value literature to an emerging market setting by establishing institutional ownership as an active governance moderator. Practically, the findings offer directional guidance for policymakers, corporate managers, and institutional investors on strengthening the credibility and market recognition of sustainability disclosures.
Copyright (c) 2026 Novinda Kurnia Ichsanti, Novrys Suhardianto (Author) https://creativecommons.org/licenses/by/4.0
PENGARUH KOMPETENSI, INDEPENDENSI, DAN AKUNTABILITAS PADA KUALITAS AUDIT BADAN PEMERIKSA KEUANGAN RI PERWAKILAN DKI JAKARTA
Kualitas audit berperan penting dalam menjamin akuntabilitas dan transparansi pengelolaan keuangan negara, khususnya di Badan Pemeriksa Keuangan (BPK) RI. Kasus pelanggaran etika auditor menimbulkan pertanyaan publik terkait integritas dan profesionalisme. Penelitian ini bertujuan menguji pengaruh kompetensi, independensi, dan akuntabilitas terhadap kualitas audit BPK RI Perwakilan Provinsi DKI Jakarta. Menggunakan pendekatan kuantitatif, populasi penelitian terdiri dari 104 auditor dengan 87 responden yang dipilih melalui sampel jenuh. Data dikumpulkan melalui kuesioner dan dianalisis menggunakan regresi linier berganda, serta uji validitas, reliabilitas, dan asumsi klasik. Hasil penelitian menunjukkan kompetensi auditor berpengaruh signifikan terhadap kualitas audit. Sebaliknya, independensi dan akuntabilitas tidak berpengaruh signifikan terhadap kualitas audit. Kesimpulan dari penelitian ini adalah kompetensi auditor berpengaruh signifikan terhadap kualitas audit mendukung teori agensi bahwa kualitas informasi (audit) yang disampaikan oleh agen (auditor) kepada prinsipal (publik/pemerintah) sangat ditentukan oleh kemampuan profesional auditor. Sebaliknya, tidak signifikannya pengaruh independensi dan akuntabilitas menunjukkan perlunya pengkajian lebih lanjut mengenai dimensi-dimensi tersebut dalam kerangka teori agensi. Audit quality is a crucial element in ensuring accountability and transparency in the management of state finances, particularly in high-level government institutions such as the Audit Board of the Republic of Indonesia (BPK RI). This study aims to examine the influence of competence, independence, and accountability on the audit quality at BPK RI Representative Office for the Province of DKI Jakarta.A quantitative approach was employed, involving a population of 104 auditors. Data were collected through questionnaires and analyzed using multiple linear regression.The results indicate that auditor competence has a significant effect on audit quality. In contrast, independence and accountability variables do not have a significant effect on audit quality. The conclusion auditor competence significantly affects audit quality, supporting the agency theory perspective that the quality of information (audit) provided by the agent (auditor) to the principal (public/government) is highly determined by the auditor’s professional capabilities. Conversely, the non-significant effect of independence and accountability suggests the need for further examination of these dimensions within the agency theory framework, especially when applied in state audit institutions such as BPK.
Copyright (c) 2026 Wayan Ananda Putra Prapatti, Henny Triyana Hasibuan (Penulis) https://creativecommons.org/licenses/by/4.0
PENGARUH PENGAWASAN ACCOUNT REPRESENTATIVE DAN PEMERIKSAAN PAJAK TERHADAP KEPATUHAN WAJIB PAJAK: PERAN MEDIASI KEPERCAYAAN WAJIB PAJAK
Kepatuhan wajib pajak merupakan faktor penting dalam optimalisasi penerimaan negara, namun masih menghadapi tantangan dalam membangun kepercayaan terhadap otoritas pajak. Penelitian ini bertujuan menganalisis pengaruh pengawasan account representative dan pemeriksaan pajak terhadap kepatuhan wajib pajak dengan kepercayaan sebagai variabel mediasi. Penelitian menggunakan pendekatan kuantitatif dengan data primer melalui kuesioner kepada 100 wajib pajak badan di KPP Pratama Badung Selatan yang dipilih dengan teknik purposive sampling. Analisis data menggunakan Structural Equation Modeling berbasis Partial Least Square (PLS-SEM). Hasil menunjukkan bahwa pengawasan account representative berpengaruh positif terhadap kepatuhan (β = 0,275; t = 3,663; p < 0,05) dan kepercayaan (β = 0,701; t = 14,034; p < 0,05), serta pemeriksaan pajak berpengaruh positif terhadap kepatuhan (β = 0,215; t = 2,933; p < 0,05) dan kepercayaan (β = 0,542; t = 10,415; p < 0,05). Kepercayaan juga berpengaruh signifikan terhadap kepatuhan (β = 0,588; t = 6,449; p < 0,05) serta memediasi secara parsial hubungan tersebut. Temuan ini menunjukkan bahwa pengawasan dan pemeriksaan yang profesional dan transparan mampu meningkatkan kepercayaan dan kepatuhan wajib pajak. Taxpayer compliance is a crucial factor in optimizing state revenue; however, it still faces challenges, particularly in building trust in tax authorities. This study aims to analyze the effect of account representative supervision and tax audits on taxpayer compliance, with trust as a mediating variable. This study employs a quantitative approach using primary data collected through questionnaires from 100 corporate taxpayers at KPP Pratama Badung Selatan, selected using purposive sampling. Data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results indicate that account representative supervision has a positive and significant effect on compliance (β = 0.275; t = 3.663; p < 0.05) and trust (β = 0.701; t = 14.034; p < 0.05), while tax audits also have a positive and significant effect on compliance (β = 0.215; t = 2.933; p < 0.05) and trust (β = 0.542; t = 10.415; p < 0.05). Trust significantly affects taxpayer compliance (β = 0.588; t = 6.449; p < 0.05) and partially mediates these relationships. These findings suggest that professional and transparent supervision and audit practices can enhance trust and improve taxpayer compliance.
Copyright (c) 2026 Ni Nyoman Ayu Alit Kartini, Ni Luh Wayan Sayang Telagawathi, Made Ary Meitriana (Author) https://creativecommons.org/licenses/by/4.0
DO TOURISM ACTIVITIES AND ENVIRONMENTAL QUALITY INFLUENCE EACH OTHER? EVIDENCE: FIVE SUPER PRIORITY TOURISM DESTINATIONS
This study examines the reciprocal relationship between tourism activity and environmental quality in Indonesia’s five Super Priority Tourism Destinations (DPSP). Using panel data from 2013–2024, a simultaneous equations model is estimated through the Two-Stage Least Squares (2SLS) method. This study uses the Gross Regional Domestic Product (GRDP) of the accommodation and food and beverage sector as a proxy for tourism-driven economic activity, while environmental quality is measured using the Air Quality Index (AQI). The results indicate that AQI has a positive and significant effect on tourism GRDP, indicating that better environmental quality supports tourism activity and regional economic performance. Conversely, tourism activity significantly contributes to environmental degradation, reflecting increased environmental pressure from tourist mobility and intensity. Accessibility is found to have a significant negative effect on tourism activity, while the hotel occupancy rate (TPK) has a positive and significant impact, and population density shows no significant effect. Furthermore, rainfall and investment positively and significantly influence AQI, whereas population density has a negative and significant effect, and regional government expenditure (APBD) is not statistically significant. These findings highlight the importance of integrating tourism development with environmental protection through policies such as carrying capacity management, low-emission transportation, and green investment. This study provides empirical evidence to support sustainable tourism policies that balance economic growth and environmental preservation in Indonesia’s DPSP.
Copyright (c) 2026 Rinda Desanty Vikawati, Endah Saptutyningsih, Diah Setyawati Dewanti (Author) https://creativecommons.org/licenses/by/4.0
PENGARUH AI-DRIVEN PERSONALIZATION DAN CHATBOT TERHADAP PURCHASE INTENTION GEN-Z MELALUI PERCEIVED USEFULNESS DAN PERCEIVED TRUST
Penelitian ini menganalisis pengaruh personalisasi berbasis AI dan chatbot terhadap niat beli melalui persepsi kegunaan dan persepsi kepercayaan pada pengguna Shopee Generasi Z di Kabupaten Karanganyar. Sampel ditentukan menggunakan teknik purposive sampling sebanyak 145 responden berdasarkan rumus Hair. Data dikumpulkan melalui kuesioner berskala Likert dan dianalisis menggunakan PLS-SEM dengan SmartPLS 4. Hasil penelitian menunjukkan bahwa personalisasi berbasis AI berpengaruh signifikan terhadap persepsi kegunaan dan niat beli, tetapi tidak signifikan terhadap persepsi kepercayaan. Chatbot berpengaruh signifikan terhadap persepsi kepercayaan dan niat beli, tetapi tidak signifikan terhadap persepsi kegunaan. Persepsi kegunaan dan persepsi kepercayaan keduanya berpengaruh signifikan terhadap niat beli. Pada uji mediasi, persepsi kegunaan terbukti memediasi pengaruh personalisasi berbasis AI terhadap niat beli, tetapi tidak memediasi pengaruh chatbot. Persepsi kepercayaan terbukti sebagai mediator penuh pengaruh chatbot terhadap niat beli, tetapi tidak memediasi pengaruh personalisasi berbasis AI. Temuan ini mengonfirmasi bahwa personalisasi berbasis AI meningkatkan niat beli melalui jalur kegunaan yang dirasakan, sementara chatbot bekerja melalui pembentukan kepercayaan pada Generasi Z pengguna Shopee di Kabupaten Karanganyar. This study analyzes the effect of AI-based personalization and chatbots on purchase intention through perceived usefulness and perceived trust among Generation Z Shopee users in Karanganyar Regency. The sample was determined using a purposive sampling technique of 145 respondents based on the Hair formula. Data were collected through a Likert-scale questionnaire and analyzed using PLS-SEM with SmartPLS 4. The results showed that AI-based personalization significantly influenced perceived usefulness and purchase intention, but not significantly on perceived trust. Chatbots significantly influenced perceived trust and purchase intention, but not significantly on perceived usefulness. Perceived usefulness and perceived trust both significantly influenced purchase intention. In the mediation test, perceived usefulness was shown to mediate the effect of AI-based personalization on purchase intention, but did not mediate the effect of chatbots. Perceived trust was shown to be a full mediator of the effect of chatbots on purchase intention, but did not mediate the effect of AI-based personalization. These findings confirm that AI-based personalization increases purchase intention through perceived usefulness, while chatbots work through building trust in Generation Z Shopee users in Karanganyar Regency.
Copyright (c) 2026 Alexander Mario Retto Djong, Matius Miki (Author) https://creativecommons.org/licenses/by/4.0
PERAN BRAND IMAGE MEMEDIASI PENGARUH KUALITAS PRODUK DAN ELECTRONIC WORD OF MOUTH TERHADAP KEPUTUSAN PEMBELIAN
Persaingan usaha berbasis budaya lokal menuntut pelaku UMKM untuk memahami faktor-faktor yang memengaruhi keputusan pembelian konsumen. Penelitian ini bertujuan untuk menganalisis pengaruh kualitas produk dan Electronic Word of Mouth (e-WOM) terhadap keputusan pembelian dengan brand image sebagai variabel mediasi pada Dedari Studio Jembrana. Penelitian ini menggunakan pendekatan kuantitatif dengan metode survei terhadap 100 responden yang pernah melakukan pembelian, yang dianalisis menggunakan Structural Equation Modeling–Partial Least Squares (SEM-PLS). Hasil penelitian menunjukkan bahwa kualitas produk dan e-WOM berpengaruh positif dan signifikan terhadap keputusan pembelian, baik secara langsung maupun tidak langsung melalui brand image. Brand image terbukti berperan penting sebagai variabel mediasi yang memperkuat pengaruh kualitas produk dan e-WOM terhadap keputusan pembelian. Temuan ini menunjukkan bahwa persepsi konsumen terhadap citra merek berbasis nilai budaya menjadi faktor strategis dalam mendorong keputusan pembelian produk kesenian Bali. Penelitian ini berimplikasi pada pentingnya peningkatan kualitas produk, pengelolaan e-WOM secara efektif, serta penguatan brand image berbasis budaya lokal untuk meningkatkan daya saing UMKM. The increasing competition among culture-based small and medium enterprises requires a deeper understanding of factors influencing consumer purchase decisions. This study aims to analyze the effect of product quality and electronic word of mouth (e-WOM) on purchase decisions with brand image as a mediating variable at Dedari Studio Jembrana. This research employed a quantitative approach using a survey method with 100 respondents who had made purchases, and the data were analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS). The results indicate that product quality and e-WOM have a positive and significant effect on purchase decisions, both directly and indirectly through brand image. Brand image is proven to play an important mediating role in strengthening the influence of product quality and e-WOM on purchase decisions. These findings suggest that consumers’ perceptions of a brand image rooted in cultural values are a strategic factor in encouraging purchase decisions for Balinese art products. This study implies that improving product quality, effectively managing e-WOM, and strengthening culture-based brand image are essential strategies to enhance the competitiveness of small and medium enterprises.
Copyright (c) 2026 Ayu Surasti Wijaya, Ni Luh wayan Sayang Telagawathi, Ni Nyoman Yulianthini (Author) https://creativecommons.org/licenses/by/4.0
PENGARUH KELOMPOK RUJUKAN DAN KEPERCAYAAN TERHADAP KEPUTUSAN PEMBELIAN KREDIT PEGAWAI: MEDIASI MINAT BELI
Copyright (c) 2026 I Gede Mustika Yasa, Ni Luh wayan Sayang Telagawathi, Ni Made Ary Widiastini (Penulis) https://creativecommons.org/licenses/by/4.0
PENGARUH STRATEGI PROMOSI DIGITAL SKINCARE CAMILLE PADA EVENT TANGGAL KEMBAR TIKTOK SHOP TERHADAP KEPUTUSAN PEMBELIAN
Penelitian ini bertujuan menganalisis pengaruh konten digital, live streaming, flash sale, dan gratis ongkir terhadap keputusan pembelian produk skincare Camille Beauty di platform Tiktok Shop selama event tanggal kembar di Yogyakarta. Penelitian menggunakan pendekatan kuantitatif dengan metode survei terhadap 130 responden yang dipilih melalui teknik purposive sampling, yaitu konsumen yang pernah membeli produk Camille Beauty melalui Tiktok Shop saat event tanggal kembar. Data dianalisis menggunakan Structural Equation Modeling (SEM) berbasis Partial Least Square (PLS). Hasil penelitian menunjukkan bahwa konten digital, flash sale, dan gratis ongkir berpengaruh positif dan signifikan terhadap keputusan pembelian konsumen. Sementara itu, live streaming tidak memberikan pengaruh signifikan dalam penelitian ini. Temuan tersebut menunjukkan bahwa strategi promosi yang memberikan keuntungan ekonomi langsung, didukung konten yang informatif dan persuasif, lebih efektif dalam meningkatkan keputusan pembelian pada social commerce. Penelitian ini diharapkan menjadi referensi bagi pelaku usaha dalam mengoptimalkan fitur Tiktok Shop guna meningkatkan penjualan produk lokal secara lebih tepat sasaran. This research aims to analyse the influence of digital content, live streaming, flash sales, and free delivery on purchasing decisions for Camille Beauty skincare products on the Tiktok Shop platform during the ‘twin-date’ event in Yogyakarta. The study employs a quantitative approach using a survey method involving 130 respondents selected via purposive sampling; specifically, consumers who had previously purchased Camille Beauty products via Tiktok Shop during the ‘twin-date’ event. Data were analysed using Partial Least Squares (PLS)-based Structural Equation Modelling (SEM). The results indicate that digital content, flash sales, and free delivery have a positive and significant influence on consumer purchasing decisions. Meanwhile, live streaming did not have a significant influence in this study. These findings suggest that promotional strategies offering direct economic benefits, supported by informative and persuasive content, are more effective in enhancing purchasing decisions within social commerce. This study is intended to serve as a reference for businesses in optimising Tiktok Shop features to boost sales of local products in a more targeted manner.
Copyright (c) 2026 Dwi Puspa Rini, Rr. Eko Giyartiningrum (Author) https://creativecommons.org/licenses/by/4.0
KELAYAKAN PASAR WISATA ALAM BANYUBIRU BERDASARKAN DAYA TARIK DAN PREFERENSI PENGUNJUNG SEBAGAI STRATEGI PENGEMBANGAN BERKELANJUTAN
Tiga tahun terakhir, seiring dengan perubahan gaya hidup dan preferensi wisatawan, wisata alam mengalami peningkatan minat yang signifikan. Penelitian ini bertujuan untuk menganalisis kelayakan pasar wisata alam Banyubiru berdasarkan potensi daya tarik wisata dan preferensi pengunjung sebagai dasar perumusan strategi pengembangan destinasi berbasis pasar. studi ini menggunakan pendekatan kuantitatif dengan desain penelitian eksplanatori. Data dikumpulkan melalui kuesioner kepada 103 responden. Analisis data dilakukan menggunakan regresi linear berganda untuk menguji pengaruh potensi daya tarik wisata dan preferensi pengunjung terhadap kelayakan pasar. Hasil penelitian menunjukkan bahwa potensi daya tarik wisata berpengaruh positif dan signifikan terhadap kelayakan pasar. Preferensi pengunjung juga berpengaruh positif dan signifikan terhadap kelayakan pasar. Temuan ini menunjukkan bahwa kelayakan pasar destinasi secara dominan ditentukan oleh kualitas daya tarik wisata dan kesesuaian dengan preferensi pengunjung. Kontribusi teoritis penelitian ini terletak pada penguatan konsep kelayakan pasar sebagai landasan pengembangan destinasi wisata alam dengan mengintegrasikan potensi daya tarik dan preferensi pengunjung. In the past three years, along with changes in lifestyles and tourist preferences, nature tourism has experienced a significant increase in interest. This study aims to analyze the feasibility of the Banyubiru nature tourism market based on the potential of tourist attractions and visitor preferences as a basis for formulating a market-based destination development strategy. This study uses a quantitative approach with an explanatory research design. Data were collected through questionnaires from 103 respondents. Data analysis was conducted using multiple linear regression to test the influence of potential tourist attractions and visitor preferences on market feasibility. The results show that potential tourist attractions have a positive and significant effect on market feasibility. Visitor preferences also have a positive and significant effect on market feasibility. These findings indicate that the market feasibility of a destination is predominantly determined by the quality of tourist attractions and their suitability to visitor preferences. The theoretical contribution of this study lies in strengthening the concept of market feasibility as a basis for developing nature tourism destinations by integrating potential attractions and visitor preferences.
Copyright (c) 2026 Churin In, Nunuk Indarti, Risna Nur Ainia (Author) https://creativecommons.org/licenses/by/4.0
ANALISIS FAKTOR-FAKTOR YANG MEMENGARUHI TABUNGAN NASABAH DALAM PROGRAM BANK SAMPAH DI KECAMATAN KARANGASEM
Perbedaan capaian tabungan pada nasabah bank sampah menunjukkan bahwa keseragaman sistem layanan tidak selalu menghasilkan output ekonomi yang setara. Kondisi ini mengindikasikan adanya faktor internal yang memengaruhi kemampuan individu dalam mengelola sampah bernilai ekonomi secara optimal. Selain itu, variasi perilaku dan kapasitas pengetahuan juga berpotensi menentukan tingkat keberhasilan nasabah dalam memanfaatkan program bank sampah. Penelitian ini mengkaji pengaruh partisipasi, tingkat pendidikan, jumlah anggota keluarga, pengetahuan pengelolaan sampah, dan umur terhadap tabungan nasabah di Kecamatan Karangasem. Data diperoleh dari 81 responden melalui survei, observasi lapangan, dan wawancara semi terstruktur. Analisis dilakukan menggunakan regresi linier berganda dengan pendekatan semilog untuk mengidentifikasi hubungan antarvariabel. Hasil penelitian menunjukkan bahwa partisipasi, pendidikan, jumlah anggota keluarga, serta pengetahuan pengelolaan sampah memberikan pengaruh positif terhadap tabungan nasabah. Sebaliknya, umur tidak menunjukkan pengaruh yang signifikan. Temuan ini menegaskan bahwa aspek perilaku dan pengetahuan memiliki peran yang lebih dominan dibandingkan karakteristik demografis dalam menentukan capaian ekonomi. Oleh karena itu, penguatan partisipasi serta peningkatan literasi pengelolaan sampah menjadi langkah strategis dalam meningkatkan efektivitas program bank sampah secara berkelanjutan. Differences in savings outcomes among waste bank customers indicate that similar service systems do not always produce equivalent economic results. This condition suggests that internal factors influence individuals’ ability to manage waste with economic value effectively. In addition, variations in behavior and knowledge capacity may determine how successfully customers benefit from waste bank programs. This study examines the effects of participation, education level, family size, waste management knowledge, and age on customer savings in Karangasem District. Data were collected from 81 respondents through surveys, field observations, and semi-structured interviews. The analysis employed multiple linear regression with a semilog approach to identify relationships among variables. The findings reveal that participation, education, family size, and waste management knowledge positively influence customer savings, while age does not show a significant effect. These results highlight that behavioral and knowledge-related factors play a more dominant role than demographic characteristics in determining economic outcomes. Therefore, strengthening participation and improving waste management literacy are essential strategies to enhance the effectiveness and sustainability of waste bank programs.
Copyright (c) 2026 Ni Luh Putu Astri Purnami, Diah Pradnyadewi T. (Author) https://creativecommons.org/licenses/by/4.0
FINANCIAL BEHAVIOUR MEDIATING THE RELATIONSHIP BETWEEN FINANCIAL LITERACY, FINANCIAL ATTITUDES, FINTECH, AND STUDENTS’ INVESTMENT INTEREST
The ongoing expansion of financial technology along with the relatively low level of financial literacy among students, emphasizes the need to better understand the factors that shape their investment interest. The purpose of this study is to examine how much financial behavior influences students' interest in investing by acting as a mediating variable in the link between financial literacy, financial attitudes, and the usage of fintech. A quantitative research design was adopted by administering a survey to 230 students in Tangerang Regency. SEM-PLS with SmartPLS 4 was used to analyze the data in order to look at indirect as well as direct correlations between the variables. The findings demonstrate that students' financial behavior is positively and significantly impacted by financial knowledge, financial attitudes, and fintech usage. Furthermore, financial behaviour also has a positive and significant impact on investment interest. However, financial literacy, financial attitudes, and fintech usage do not directly affect investment interest, indicating that financial behaviour fully mediates these relationships. this research emphasizes the importance of financial behaviour as the main mechanism that connects these factors to students’ investment interest, while also providing practical implications for enhancing financial education and fintech-based financial strategies.
Copyright (c) 2026 Sendilla Prisaura, Hamdani, Siti Humairoh, Dhea Zatira (Author) https://creativecommons.org/licenses/by/4.0